COMP <GO>

MCBS vs HBNC // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

MetroCity Bankshares Inc. (NASDAQ) VS. Horizon Bancorp Inc. (NASDAQ) • 15-METRIC TALLY: MCBS 2 — HBNC 4

■ METRIC PARITY

LAST: $36.03 (+0.59%) • MKT CAP: $1.04B

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LAST: $20.99 (+1.45%) • MKT CAP: $1.08B

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MCBS VS. HBNC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	MCBS	HBNC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	12.60%	-21.90%	+34.50	MCBS	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.57%	6.89%	-3.32	HBNC	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.40%	2.74%	-0.34	HBNC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	3/9	+1.00	MCBS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	58.3	67.2	-8.90	HBNC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.0x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.04B	$1.08B	-$40.7M	HBNC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	MCBS REV	HBNC REV	MCBS GROSS %	HBNC GROSS %	MCBS FCF	HBNC FCF
FY 2025	$0	$0	—	—	$37.0M	$74.3M
FY 2024	$0	$0	—	—	$62.2M	$1.3M
FY 2023	$0	$0	—	—	$82.1M	$88.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MCBS // BETA —

HBNC // BETA —